Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

BPP Black Friday sale!

40% discount on all BPP books specially for OpenTuition students!
Get it here >>

Reader Interactions

Comments

  1. Dear sir,
    why formal arrangements should be in place for considering how to apply financial reporting principles??? Shouldnt the person preparing the accounts would already know these principles????

    • I think I’m correct in saying that within IAS / IFRS there are a number of situations where alternative treatments are allowed as distinct from the benchmark.

      Surely it’s important that there is some degree of formality about which alternative should be consistently followed.

      Depreciating assets over their useful life is an accounting policy. But the rate at which those assets are depreciated (straight line, reducing balance, machine hour, sum of the digits) needs to be known and formalised. And then consistently applied

      It’s ok saying the preparer already knows but without the formalities of transparency and openness, if no-one else knows, how can anyone be certain that the preparer is following selected and acceptable principles

  6. Hi,

    I am finish with my exams for June 2013 and want to start preparing for exams in december. Please let me know if the lectures would be chaninging for p1 or I can go ahead and start studying with the current lectures on open tuition.

    Thanks!

  7. Lectures are brilliant and easy to follow. I have not had a single problem with the quality of the video. Guys pls check your Internet connections make sure u v upto date updates of your PC. Well presented lectures. Bravo

Leave a Reply